Investors Bet on Distressed Real Estate Stocks

Mukul Agrawal and Porinju Veliyath are investing in two different types of real estate companies in India.

Valor Estate is a traditional real estate company that builds and sells properties in Mumbai.

It has reduced its debt significantly but still relies on non-operational income to show profits.

Aurum PropTech is a tech company that focuses on property technology, like rental applications and sales software.

It has also reduced its debt and is showing improvements in its operations.

Both companies are not yet profitable from their core businesses, but these investors believe that their debt reduction and potential for growth make them good bets.

The next few quarters will be crucial to see if these investments pay off.